Hanoi Ring Road 4 construction to begin by next June

By Bach Quang
Fri, August 19, 2022 | 12:44 am GMT+7

Construction of Hanoi’s Ring Road 4, running through the capital and neighboring provinces of Hung Yen and Bac Ninh, will commence before the end of next June.

An artist’s impression of Ring Road 4 in Hanoi and adjacent areas. Photo courtesy of the project planning unit.

An artist’s impression of Ring Road 4 in Hanoi and adjacent areas. Photo courtesy of the project planning unit.

A resolution signed by Deputy Prime Minister Le Van Thanh Thursday set a June 30, 2023 deadline for the project to break ground, one year after the National Assembly approved the government's investment proposal.

The chairpersons of Hanoi, Hung Yen and Bac Ninh have been assigned the tasks of appraising, approving and developing the ring road’s sub-projects in line with the Law on Public Investment.

The project is scheduled to be completed in 2026 so that Ring Road 4 can open to traffic in 2027, according to the resolution.

The national legislative body on June 16 approved investment policies for the road considered one of the most significant traffic infrastructure projects in Vietnam’s development process, together with Ho Chi Minh City’s Ring Road 3.

The Hanoi Ring Road 4, 112.8 kilometers long, would be built at a cost of about VND85,813 billion (around $3.7 billion).

Meanwhile, Ring Road 3 in HCMC, 76.34-kilometers long, will connect the southern economic hub with Dong Nai, Binh Duong and Long An provinces, all manufacturing hubs in southern Vietnam.

The total investment for phase one is estimated at VND75,378 billion ($3.25 billion), with 100% of the funds sourced from the city and national state budgets.

The Ring Road 3 project is set to break ground by June 2023 and be completed in 2026, according to Phan Van Mai, chairman of HCMC.

"It will run through urban areas with high population density across four localities. Thus, land clearance will be a very big challenge," he said.

Comments (0)
  • Read More
China's Exquisite Power launches $20 mln battery factory in Vietnam

China's Exquisite Power launches $20 mln battery factory in Vietnam

China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.

Industries - Sat, January 18, 2025 | 10:46 pm GMT+7

Central Vietnam city licenses 3 FDI projects worth $190 mln

Central Vietnam city licenses 3 FDI projects worth $190 mln

Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.

Industries - Sat, January 18, 2025 | 10:35 pm GMT+7

Thailand to launch new carbon credits market

Thailand to launch new carbon credits market

Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.

Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7

Malaysia defines two priorities to ensure food security

Malaysia defines two priorities to ensure food security

Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.

Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7

Foxconn doubles investment in central Vietnam province to $200 mln

Foxconn doubles investment in central Vietnam province to $200 mln

Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.

Industries - Sat, January 18, 2025 | 4:07 pm GMT+7

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

Vietnam’s GDP growth can reach 6.6% in 2025, the World Bank said in the newly-released January edition of its “Global Economic Prospects” report.

Economy - Sat, January 18, 2025 | 10:36 am GMT+7

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Adamed Pharma, a leading pharmaceutical and biotechnology group in Poland, plans to expand its investment in Vietnam, said Malgorzata Adamkiewicz, president of the company’s supervisory board.

Industries - Sat, January 18, 2025 | 10:16 am GMT+7

PM calls on Polish companies to expand investments in Vietnam

PM calls on Polish companies to expand investments in Vietnam

Vietnamese Prime Minister Pham Minh Chinh has asked Polish companies to increase their investments in Vietnam, capitalizing on the EU-Vietnam Free Trade Agreement (EVFTA).

Industries - Sat, January 18, 2025 | 10:07 am GMT+7

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

The global investment landscape offers abundant opportunities for Vietnamese brands to expand internationally, but startups must prioritize self-improvement and readiness, says Nguyen Phi Van, chairwoman of Go Global Holdings, a company specializing in franchising.

Companies - Sat, January 18, 2025 | 9:00 am GMT+7

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Real estate developer Tan Hoang Minh Group has proposed the central province of Quang Binh allow it to study the building of a VND15 trillion ($592 million) ecotourism area in Le Thu district.

Real Estate - Sat, January 18, 2025 | 8:00 am GMT+7

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany’s energy company wpd plans to invest VND4,600 billion ($181.62 million) in building a 143 MW wind power plant in Vietnam’s central coastal province of Binh Dinh.

Energy - Fri, January 17, 2025 | 10:21 pm GMT+7

BRICS – new key export market of Indonesia

BRICS – new key export market of Indonesia

Indonesia’s non-oil and gas exports to the five major BRICS nations reached $84.37 billion in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).

Southeast Asia - Fri, January 17, 2025 | 9:54 pm GMT+7

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Binh Son Refining and Petrochemical JSC, the operator of Vietnam’s first oil refinery Dung Quat, officially listed over 3.1 billion BSR shares on the Ho Chi Minh Stock Exchange (HoSE) on Friday, marking a rare "blockbuster" debut on the major bourse in recent years.

Companies - Fri, January 17, 2025 | 6:59 pm GMT+7

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

The State Bank of Vietnam, the country's central bank, on Friday announced the mandatory transfers of two "weak" private banks under its special control, GPBank and DongA Bank, to VPBank and HDBank respectively.

Banking - Fri, January 17, 2025 | 4:32 pm GMT+7

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

Vietnam’s Ministry of Industry and Trade does not plan to extend the direct power purchase agreement (DPPA) mechanism to non-manufacturing consumers using the national grid.

Energy - Fri, January 17, 2025 | 3:50 pm GMT+7

Two foreign giants eye luxury marina, resort projects in central Vietnam

Two foreign giants eye luxury marina, resort projects in central Vietnam

Swiss investment fund Finance Suisse and the world’s leading superyacht builder Palmer Johnson are looking for opportunities to invest in a super-luxury marina and a resort in the south-central Vietnam province of Binh Dinh.

Industries - Fri, January 17, 2025 | 3:18 pm GMT+7